Sarah Geegan

Final Financial Model E-newsletter for Fall 2013 Semester

Published: Dec 19, 2013

LEXINGTON, Ky. (Dec. 19, 2013) In a commitment to keep the University of Kentucky community informed and engaged in the process of transitioning to a new financial model, UK Provost Christine Riordan and Executive Vice President for Financial Affairs Eric Monday issued the latest newsletter with updates on the financial model.

 

The e-newsletter was distributed Thursday, Dec. 19.  Following is the full message:

 
 
Dear Colleagues, 
 
In our last communication of the semester about the new financial model, we want to 
discuss how another major pool of resources will be more transparently handled -- the 
tuition dollars we receive from families and students. 
 
UK this year will receive about $345 million of tuition revenue. Under the values-based 
financial model, every college will be given credit for teaching students. 
 
For the most part, except in special cases in which this formula is altered, 75 percent of 
tuition dollars will go to the college of the faculty member where classes are taught 
regardless of a student’s major. And 25 percent will go to the college where a student is 
majoring. In cases of double majors, this portion of the tuition is shared if multiple 
colleges are involved. 
 
It's a transparent way of allocating the flow of tuition dollars throughout the university to 
support the important work faculty do in educating students. 
 
In our current incremental model, tuition doesn’t flow directly to the colleges where the 
revenue is generated. Instead, the university allocates funds to colleges based upon 
defined needs or areas where growth patterns indicate additional resources are 
necessary. Without a direct formula allocation, it is more difficult for colleges to 
determine where to invest revenue in a strategic fashion to create an innovative learning 
environment to educate and graduate students in the most effective way possible. The 
new model allows colleges to see how the funds are flowing and invest in important 
areas as they continue to focus on quality and excellence. 
 
Next semester, we will continue with regular communication about this important tool for 
our institution. As always, the goal is to frequently and transparently continue the 
dialogue over the next year about how the model will help us maximize the work we do 
together. At the same time, as we continue that dialogue, we will be listening for ways 
we can make improvements to the model. Thanks for the great feedback so far. 
 
Thanks and have a happy holiday. 
 
 
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August
 
 
 
 
 
1
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Fri
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Sat
3
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Artful Sunday: Wrapped Art
Sun
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Employee Educational Assistance Award
Mon
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Tue
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Get Moving - A Walking Group for Caregivers
Wed
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Thu
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Fri
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Sat
10
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Sun
11
Employee Educational Assistance Award
Mon
12
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
UK Working Moms Connection
Tue
13
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Wed
14
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Thu
15
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Fri
16
Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Sat
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Employee Educational Assistance Award
Landscape/Mindscape: Selections from the Wells Fargo Collection
Sun
18
Employee Educational Assistance Award
Mon
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Employee Educational Assistance Award
Tue
20
Employee Educational Assistance Award
Chronic Disease Self-Management Program
Wed
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Employee Educational Assistance Award
Thu
22
Employee Educational Assistance Award
Midnight Dodgeball Tournament
CARES First Year Focus Parent Meetings
CARES First Year Focus Parent Meetings
Parent and Families Reception
Residence Hall Floor Meeting
Off-campus Freshmen Check-in
K Team Meeting: K Week Kick-off
Death By Chocolate
Fri
23
Employee Educational Assistance Award
A Parent's Guide to Life after August 23
Campus Safety Information Session
Donut Avoid The Study
Common Cents: Money Management for College Students Session 1
See Blue...See Community
Succeeding in A Large Lecture Classroom
Horses, Bluegrass, Basketball, and More: Welcome to Kentucky
Success at Any Age: College Tips for Adult Learners
Write Right: Tips for Writing Well in College
Common Cents: Money Management for College Students Session 2
How to Graduate in Four Years
Parental Involvement in Fraternity and Sorority Life
Parents Watch for Warning Signs: Suicide Prevention for College Students
Preparing to be a Pre-Professional
Presentation U!: Where YOU are the Ultimate Presentation
Religious Life at UK
Successful Off-Campus Living
The Transfer Student Cruise: Navigating your way through UK
UK Parking & Transportation 101
You Heard It Here First: Tips From A Faculty Member
New Student Induction Ceremony
Minority Student Welcome
Transfer Student Cookout
K Team Meeting: K Week Overview
Men's Soccer vs. Georgia State
Big Blue U
Campus Ruckus
Campus Ruckus
Sat
24
Employee Educational Assistance Award
LNFS Presents: Jackass 3
LNFS Presents: Godzilla
Pedalpalooza
K Team Meeting: Lunch and Campus Tour
Center for Community Outreach: Do Good, Start Here.
UK Lex-Mart
Alternative Service Breaks: See the World, Change the World
From the Real World to the Amazing Race, Don't Wipeout: Your Advisor, Advising, and You
Blackboard Basics
Student Government Association Information Session
EMPOWER: Women’s Leadership Retreat Interest Session
Student Center Spectacular
Student Center Spectacular
Sun
25
Employee Educational Assistance Award
UK FUSION
UK Parking & Transportation 101
University of Kentucky Association for Transfer Students Interest Session
Candy, Condoms, Coffee
Cleaner, Healthier, Cheaper, Faster: Why Bicycling is the Best Way to Get Around Campus (and how to do it safely)
Working on Campus
K Team Meeting: Dinner with your K Team
Meijer Mania
Mon
26
Employee Educational Assistance Award
Last Day to Drop a Course with 100% Refund
Chem at UK Cafe-N-OJ with the Student American Chemical Society
Coffee (or Coke), Cookies, & Communication!: Come see blue. at Presentation U!
Don't Blow Yourself Up: Surviving Chemistry
Fraternity Recruitment Info Session
OMG! Did I Just E-Mail That to My Professor???
Surviving Your First Year and Beyond: Strategies To Do Well in Your Classes
Sustainable UK: Exploring Environmental Programs in the College of Agriculture, Food, and Environment (CAFE)
A User Guide for Your Mathematics Class
Discover the UK Art Museum
K Team Meeting: Common Reading Experience Discussion
Common Reading Introduction for International Students
Transfer Student Meet and Greet
We Are UK
Rec 'N Roll 2014
Big Blue Bingo Night
Mic Check
Tue
27
Employee Educational Assistance Award
Fraternity Recruitment Info Session
LNFS Presents: Jurassic Park
First Day of Classes
Campus Outreach
Opening Act: The Amazing Spider-Man 2
Wed
28
Employee Educational Assistance Award
Internship Info Session
LNFS Presents: Her
LNFS Presents: Captain America: The Winter Soldier
Student Involvement Fair
OrgSync Info session
LGBTQ* Welcome Back
Dive Into Diversity!
Residence Hall Floor Meetings
Thu
29
Employee Educational Assistance Award
Sea of Blue
One Last Beach Bash: RSA Block Party
LNFS Presents: Team America: World Police
Pills and Pizza
K Week Event: Pills and Pizza
Kentucky Volleyball vs. Wichita State
Kentucky Women's Soccer vs. Francis Marion
Fri
30
Employee Educational Assistance Award
LNFS Presents: Neighbors
The Tailgate "Kick-Off"
Kentucky Volleyball vs. Butler
Kentucky Football vs. UT-Martin
Kentucky Volleyball vs. Virginia Tech
Sat
31
Employee Educational Assistance Award
Kentucky Women's Soccer vs. Ohio
Men's Soccer vs. Belmont
Sun
 
 
 
 
 
 

Wed, 08/20/2014

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